IRA INFORM REPORT
|
Report No. : |
319934 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HAZEL MERCANTILE LIMITED (w.e.f. 09.03.1999) |
|
|
|
|
Formerly Known
As : |
HAZEL MERCANTILE PRIVATE LIMITED |
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Registered
Office : |
181, Ashoka Shopping Centre, 2nd Floor, G.T. Hospital
Complex, L.T. Road, Mumbai – 400 001, Maharashtra |
|
Tel. No. : |
91-22-22610282 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.10.1995 |
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Com. Reg. No.: |
11-093674 |
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Capital
Investment / Paid-up Capital : |
Rs. 324.960 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1995PLC093674 |
|
|
|
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IEC No.: |
0396030441 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMH05177E /
MUMH04309E |
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|
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PAN No.: [Permanent Account No.] |
AAACH2671K |
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|
Legal Form : |
A Closely Held Public Limited liability Company |
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Line of Business
: |
Trader and Distributors of Chemicals and Petrochemicals, Polymers,
Paper and Paper Boards, Rubber, Heavy Distillates. |
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|
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having fine track. Profitability of the company seems to be low during 2014. However,
General Financial position of the company seems to be sound. The rating also takes into consideration extensive experience of the
promoter in the trading industry and strong relationship with customers and
suppliers. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = A |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk |
|
Date |
December 22, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk |
|
Date |
December 22, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Nikunj Sanghani |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-22824444 |
|
Date : |
28.04.2015 |
LOCATIONS
|
Registered Office : |
181, Ashoka Shopping Centre, 2nd Floor, G.T. Hospital
Complex, L.T. Road, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22610282 / 43512000 / 22610262 / 22824444 |
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Fax No.: |
91-22-22620553 / 22824440 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office : |
Office No.4, 1st Floor, Naitik Gandhidham Unas Association,
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|
Tel. No.: |
91-283-6229548 |
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Corporate Office : |
701/712A, Embassy Centre, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Tel. No.: |
91-22-22824444/ 40098900 |
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Fax No.: |
91-22-22824440/ 22041411 |
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E-Mail : |
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Marketing Office : |
1410, Maker Chambers V, Nariman Point, Mumbai – 400021, Maharashtra,
India |
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Tel. No.: |
91-22-22832170 (5 Lines) |
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Fax No.: |
91-22-22821605 |
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E-Mail : |
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Branch Office 1 : |
SEZ
Office: Shed No.250, sector III, KSEZ, Kandla, Gandhidham, |
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E-Mail : |
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Branch Office : |
Also
located at: · Delhi · Kolkata · Visakhapatnam |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nitin Kumar Deendayal
Didwania |
|
Designation : |
Managing Director |
|
Address : |
172, Kshitij, 47, Napeansea Road, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1974 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
01.04.2012 |
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PAN No.: |
AACPD7055J |
|
DIN No.: |
00210289 |
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|
|
|
Name : |
Mrs. Sushmadevi Deendayal Didwania |
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Designation : |
Director |
|
Address : |
172, Kshitij, 47, Napeansea Road, Mumbai – 400036, Maharashtra, India |
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Date of Birth/Age : |
13.09.1955 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.04.1997 |
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DIN No.: |
00210240 |
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|
|
|
Name : |
Mr. Saurabh Dipak Sanghvi |
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Designation : |
Director |
|
Address : |
66, Kamal Building, 69, Walkeshwar Road, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
05.08.1974 |
|
Date of Appointment : |
28.09.2012 |
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DIN No.: |
02000411 |
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|
|
|
Name : |
Mr. Viren Sanjay Agarwal |
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Designation : |
Director |
|
Address : |
42, Maheshwari Niketan, 9th Floor, Next To Jindal Mansion, Peddar
Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
11.11.1992 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
06971564 |
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|
|
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Name : |
Mrs. Alpa Mayank Parekh |
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Designation : |
Director |
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Address : |
103/104, Ankur-A, TPS-III, 7TH Lane, Borivali (West), Mumbai-400092,
Maharashtra, India |
|
Date of Birth/Age : |
22.02.1976 |
|
Date of Appointment : |
30.09.2014 |
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DIN No.: |
01299418 |
KEY EXECUTIVES
|
Name : |
Mr. Pragat Vasant Shetty |
|
Designation : |
Secretary |
|
Address : |
204, Bhasksr Bhavan Apartment, B.P. Cross Road, Near Railway Station,
Bhaynder (East), Thane-401105, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1990 |
|
Date of Appointment : |
17.07.2014 |
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PAN No.: |
CLQPS5744G |
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|
|
|
Name : |
Mr. Nikunj Sanghani |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Nitin Kumar Didwania |
|
32487100 |
|
Sushmadevi
Didwania |
|
900 |
|
Vishal Sukhani |
|
4600 |
|
Ajay Jain |
|
200 |
|
Yash Gala |
|
200 |
|
Sourabh Sanghvi |
|
200 |
|
Sanjay Busa |
|
2800 |
|
Total |
|
32496000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.98 |
|
Other top fifty shareholders |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributors of Chemicals and Petrochemicals, Polymers,
Paper and Paper Boards, Rubber, Heavy Distillates. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Chemical |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30 / 60/ 90 Days) |
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Purchasing : |
Cash and Credit (30 / 60/ 90 Days) |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Shabbir S.
Bagasrawala Chartered
Accountants |
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|
Address : |
Office No.8, 1st
Floor, Narayan Niwas, 63, Aarey Road, Goregaon (West), Mumbai – 400062,
Maharashtra, India |
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PAN
No.: |
AACFS5834Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary
Companies : |
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Enterprise over
which Key Managerial Personnel are able to exercise significant influence : |
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|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50100000 |
Equity Shares |
Rs.10/- each |
Rs.501.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32496000 |
Equity Shares |
Rs.10/- each |
Rs.324.960 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
324.960 |
324.960 |
300.000 |
|
(b) Reserves &
Surplus |
5835.834 |
5763.188 |
2446.064 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
6160.794 |
6088.148 |
2746.064 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
13.596 |
19.973 |
26.097 |
|
(b) Deferred tax
liabilities (Net) |
40.470 |
47.290 |
44.258 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
54.066 |
67.263 |
70.355 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1142.299 |
1158.051 |
661.699 |
|
(b) Trade payables |
7736.812 |
6968.862 |
5421.250 |
|
(c) Other current
liabilities |
91.489 |
84.956 |
259.674 |
|
(d) Short-term provisions |
12.203 |
12.203 |
12.423 |
|
Total Current Liabilities
(4) |
8982.803 |
8224.072 |
6355.046 |
|
|
|
|
|
|
TOTAL |
15197.663 |
14379.483 |
9171.465 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
163.084 |
177.756 |
173.011 |
|
(ii) Intangible Assets |
2096.253 |
2795.003 |
0.000 |
|
(iii) Capital
work-in-progress |
17.230 |
7.800 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
359.009 |
346.126 |
205.803 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2635.576 |
3326.685 |
378.814 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3666.466 |
2754.858 |
2173.670 |
|
(c) Trade receivables |
7979.019 |
7169.997 |
5591.702 |
|
(d) Cash and cash
equivalents |
399.981 |
656.095 |
427.160 |
|
(e) Short-term loans and
advances |
516.621 |
471.848 |
600.119 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
12562.087 |
11052.798 |
8792.651 |
|
|
|
|
|
|
TOTAL |
15197.663 |
14379.483 |
9171.465 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
30981.541 |
25081.440 |
20639.763 |
|
|
Other Income |
137.722 |
245.412 |
182.459 |
|
|
TOTAL (A) |
31119.263 |
25326.852 |
20822.222 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
30204.448 |
24221.391 |
19785.769 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(911.608) |
(581.188) |
(367.426) |
|
|
Employees benefits
expense |
73.484 |
66.174 |
34.055 |
|
|
Other expenses |
692.952 |
695.139 |
561.837 |
|
|
TOTAL (B) |
30059.276 |
24401.516 |
20014.235 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
1059.987 |
925.336 |
807.987 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
209.846 |
225.507 |
141.771 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
850.141 |
699.829 |
666.216 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
716.672 |
694.842 |
13.385 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
133.469 |
4.987 |
652.831 |
|
|
|
|
|
|
|
Less |
TAX (H) |
3.205 |
51.039 |
51.014 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
130.264 |
(46.052) |
601.817 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
2237.809 |
2346.064 |
1806.450 |
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to General
Reserve |
50.000 |
50.000 |
50.000 |
|
|
Interim Dividend |
47.119 |
0.000 |
0.000 |
|
|
Equity Dividend |
10.500 |
10.500 |
10.500 |
|
|
Equity Dividend tax |
1.703 |
1.703 |
1.703 |
|
|
Total (K) |
109.322 |
62.203 |
62.203 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
2260.453 |
2237.809 |
2346.064 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
5034.906 |
10240.197 |
434.361 |
|
|
Freight Insurance and
Commission |
25.808 |
20.053 |
2.227 |
|
|
Dividend |
57.980 |
169.309 |
14.007 |
|
|
TOTAL EARNINGS |
5118.694 |
10429.559 |
450.595 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
15731.886 |
19278.048 |
1485.375 |
|
|
TOTAL IMPORTS |
15731.886 |
19278.048 |
1485.375 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
4.01 |
-1.42 |
20.06 |
Expected Sales (2014-2015) : Rs. 35000.000 Million
The above information has been parted by Mr. Nikunj Sanghani
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.42 |
-0.18 |
2.92 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.42 |
3.69 |
3.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.90 |
0.04 |
7.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.00 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.19 |
0.19 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.34 |
1.38 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
300.000 |
324.960 |
324.960 |
|
Reserves & Surplus |
2446.064 |
5763.188 |
5835.834 |
|
Net worth |
2746.064 |
6088.148 |
6160.794 |
|
|
|
|
|
|
long-term borrowings |
26.097 |
19.973 |
13.596 |
|
Short term borrowings |
661.699 |
1158.051 |
1142.299 |
|
Total borrowings |
687.796 |
1178.024 |
1155.895 |
|
Debt/Equity ratio |
0.250 |
0.193 |
0.188 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
20639.763 |
25081.440 |
30981.541 |
|
|
|
21.520 |
23.524 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
20639.763 |
25081.440 |
30981.541 |
|
Profit |
601.817 |
-46.052 |
130.264 |
|
|
2.92% |
-0.18% |
0.42% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
Current maturities of long-term debt |
6.043 |
6.043 |
6.043 |
|
Total |
6.043
|
6.043 |
6.043 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------------------------ |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No) |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS:
|
HIGH
COURT OF BOMBAY
|
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
124.512 |
122.922 |
|
Total |
124.512 |
122.922 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10545656 |
24/12/2014 |
300,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C41699604 |
|
2 |
10198433 |
12/01/2010 |
42,300,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A78104643 |
|
3 |
80027453 |
16/07/2014 * |
10,800,000,000.00 |
PUNJAB NATIONAL BANK (LEAD BANK) |
FORESHORE ROAD BRANCH, RAHEJA CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C15033327 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Emission reduction equipment
- Vehicles
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.33 |
|
|
1 |
Rs. 96.52 |
|
Euro |
1 |
Rs. 68.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
61 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.